GST needs to be deferred, says Amit Mitra

Compensation to be paid to the states was likely to shoot up in the wake of note ban: West Bengal FM

Amit Mitra, chairman of the Empowered Committee of Ministers on GST, said the Goods and Services Tax (GST) needs to be deferred so the economy is not hit by another disruption after demonetisation kicked in unexpectedly.

In an interview with Karan Thapar on India Today, Mitra said the compensation to be paid to the states was likely to shoot up in the wake of demonetisation making its implementation unfeasible at the moment.

During the course of the previous meetings between several state finance ministers on GST, Mitra said there was consensus that ~55,000 crore would be needed to compensate the